secwatch.observer — SEC 8-K summary
======================================

Issuer:     Q2 Holdings, Inc. (QTWO)
CIK:        0001410384
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001410384-23-000109
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Q2 Holdings Q2 revenue $154.5M (+10% YoY), raises FY23 adjusted EBITDA guidance
-------------------------------------------------------------------------------

- Revenue $154.5M (+10% YoY); GAAP net loss $23.6M vs $25.2M loss a year ago.
- Adjusted EBITDA $17.6M (up from $9.7M); non-GAAP gross margin 54.2% vs 51.3%.
- Signed two Tier 1 digital banking and two Tier 1 digital lending contracts.
- FY23 guidance: non-GAAP revenue $620-628M; adj. EBITDA raised to $71-75M.
- Registered users 21.7M (+8% YoY); best first-half bookings in company history.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1410384/000141038423000109/0001410384-23-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1410384/000141038423000109/qtwo-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001410384-23-000109

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer